U.S. wholesale inventories rise less than expected, sales slow
WASHINGTON (Reuters) - U.S. wholesale inventories
rose less than expected in June, which could have an impact on
the growth estimate for the second-quarter.
The Commerce Department said on Friday wholesale inventories
increased 0.3 percent after a downwardly revised 0.3 percent
gain in May.
Economists polled by Reuters had expected stocks at
wholesalers to rise 0.6 percent in June after a previously
reported 0.5 percent increase the prior month. Continued...